MAM accounts are a great solution for managing multiple trading accounts at once, with many other interesting benefits。Which brokers offer the best accounts？

Forex trading is not as simple as it sounds。It requires traders to have a different set of necessary skills in order to make a sustained profit from the market。Traders should also have a high degree of perseverance and principle to be in a leading position。One of the hardest things is managing one account, let alone managing multiple accounts。This will be more difficult if the trader has a full-time job, so some people use account management services。

Different Types of Account Managers

Currently, there are many brokers offering account manager functionality, the most popular managed accounts are MAM, PAMM and LAMM。This can be a bit confusing for new traders, so let's look at each account below separately。

1. MAM

MAM (Multi Account Manager) is an innovative software integrated with the MT4 trading platform, which helps traders manage simultaneous trading of multiple accounts in a single MT4 interface。The software is designed to combine individual trader accounts into a large pool of managed funds consisting of individual trader accounts and investor accounts.。This is by far one of the best managed account types with several features enjoyed by both PAMM and LAMM accounts。MAM's design also takes into account maximum reliability and execution speed. All processing is server-based, allowing the fastest and most reliable execution。

2. PAMM

PAMM or percentage allocation management module is another type of account manager provided by most brokers, which allows traders to allocate a certain percentage of trading funds to replicate the main account's transactions。PAMM users can focus on different accounts and diversify their investments by assigning to different trading systems。It also has greater flexibility, allowing traders to choose multiple trading systems and hedge any performance issues that may arise in the main trading account。Usually, MAM accounts are combined with PAMM in order to provide traders with the best trading options。

3. LAMM

The third account manager is LAMM, which is short for the batch allocation management module。Through this account, the trader can choose the number of lots that can be traded in the market, and the profit and loss will be determined based on a multiple of the number of lots invested in the market.。LAMM was created for large accounts with greater capital, and although it is not as popular as MAM and PAMM accounts, some well-known brokers still offer such managed accounts。

Why choose a MAM account?？

Of the three accounts, the MAM account is probably one of the most popular。Usually, brokers use MAM as part of their MT4 platform integration services, and there are many reasons why it is beneficial to traders。

1.Intelligent Trading System (EA)

The technology can be integrated with Expert Advisor (EA)。Since MAM is compatible with MT4, traders can also use the software。The EA can be used to monitor financial markets and conduct transactions using algorithms. It can perform timely technical analysis of price data and manage trading activities based on received signals。Basically, it helps traders in their daily work。

2.Multiple trading strategies

As mentioned earlier, MAM accounts are versatile, allowing traders to run multiple accounts at the same time。Traders can do this even if these accounts use different trading strategies。They can determine strategies for multiple trading subgroups within your management account。MAM also instantly provides personal information for each account on the screen, enabling users to quickly view the trading history of any account, apply multiple analysis tools and optimize trading strategies for that account。

3.Flexible distribution

Another benefit of the MAM account is that it uses multiple allocation methods, which may cover multiple aspects such as balances, lots, percentages, and net worth。Most brokers will offer MAM accounts with relatively small spreads, but this will vary depending on the broker's policy。

4.Multi-function

The MAM server plugin enables traders to operate quickly and reliably, it eliminates all risks that may occur when the Internet connection is slow。The versatility of MAM is not limited to this, it also perfectly integrates all administrative orders of the main account。Therefore, traders can use stop loss, take profit and pending orders to risk manage all trades。

Dealers offering MAM

Brokers fully understand the benefits of MAM accounts, so more and more brokers are starting to offer MAM accounts to ensure their clients have the best trading conditions。Here are some brokers you can consider:

1. IC Markets

Since 2012, IC Markets' account managers have been using multi-account manager software。The broker's MAM account offers two allocation methods: balance allocation and equity allocation.。These allocation methods allow the software to act as a MAM, PAMM, or LAMM, and there are multiple variants of each method。Through this condition, customers have access to unlimited trading accounts and deposit amounts。Traders can also apply various market orders, such as stop orders, limit orders, trailing stop orders, etc.。Of course, real-time monitoring of commissions and performance is also possible。

The money management function in the IC Market MAM account enables customers to add or remove funds without affecting trading activities, and traders will also receive professional report analysis。In addition to the original pricing connection and 0.On top of the 0 spread, the account allows traders to enjoy deep liquidity and up to 1: 500 leverage.。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. Pepperstone

MAM and PAMM accounts in Pepperstone have some benefits。First, the program is designed by qualified and experienced fund managers with relevant licenses or industry experience。It allows traders to easily manage hundreds of sub-accounts from a centralized location with virtually no allocation required.。The account integrates directly with Pepperstone MT4 and MT5 servers and supports multiple strategies, including EA and scalping, with customizable performance, management and commission fees。Traders can also apply all unique order types, such as trailing stops versus closing positions。

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Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。

Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。

They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。

Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:

Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions

With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。

As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。

Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。

When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。

Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。

Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。

Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。

As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。

If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。

Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。

3. AvaTrade

The MAM accounts offered by AvaTrade are suitable for those seeking to fine-tune trading norms, as well as for traders who want to open any number of trading accounts and deposit any amount of money。With this technology, traders can manage their multiple accounts even if they have different strategies。AvaTrade also offers instant trade execution, broker control and server updates, and guarantees regular client reporting through MetaTrader Manager。

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Avatrade is one of the most comprehensive brokers, supporting almost all trading styles。Avatrade not only allows hedging, scalping and expert advisors (EA), but also completes its services through one cancellation of another order (OCO) and automated trading in many variants of automated trading systems.。

Founded in 2006, AvaTrade's primary mission is to allow people to trade with confidence.。If traders are still confused about the best broker to support traders trading, AvaTrade may be the trader's choice, as it has been evaluated and recognized for some of the industry's most outstanding financial and technical achievements for its clients.。

In 2019, the Dublin-based broker acquired Daytrading."Best Forex Broker 2019" by com。In addition, the company has been honored as "Best Forex Broker," "Best Bitcoin CFD Trading Provider of the Year" and "Best Alliance Program in Europe."。

In addition, for more liquid traders, AvaTrade offers a number of platforms that allow traders to trade using laptops and mobile phones。The availability of the free Autochartist tool in the platform is the best support for both novice and experienced traders, as it makes it easier for them to find trading opportunities without having to look at the chart all day。

Autochartist free signals available in gold accounts, platinum accounts and AVA Select。By opening an account with AvaTrade, traders do not have to pay for the full Autochartist service。Autochartist itself is a market scanning tool that can detect trading signals from various technical perspectives.。

Traders can access AvaTrade on multiple platforms such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading and AvaOptions。

On the regulatory side, AvaTrade has a large number of credible licenses that guarantee security even with deposits as high as $10,000.。AvaTrade uses a separate account system, subject to the Central Bank of Ireland (No..C53877), ASIC Australia (No.406684), Japan JFSA (No.1662) and South Africa (FSP 45984) regulatory。

In the event of extreme market volatility, will traders suddenly lose more than their deposits?？AvaTrade explicitly answers no because traders have negative balance protection。

AvaTrade has a minimum deposit of $100 and offers different leverage depending on the trading instrument; whether it is Forex (30: 1 start), Indices (20: 1 start), Commodities (5: 1 start), ETFs (5: 1 start) or Cryptocurrencies (2: 1 start)。

AvaTrade is committed to maintaining a set of customer-related values。As a result, the company offers the best trading experience with multilingual customer service and the most advanced and user-friendly trading platform.。

New traders can also learn Forex trading in the "Education" tab of the official AvaTrade website。Traders will find tons of articles, video tutorials and more tools to help them every step of the way。This is an important requirement as the forex market can be a bit unbearable and even scary at times, so traders need to make sure they are fully prepared before they start trading in a live account。

AvaTrade offers a variety of account types, as well as Islamic trading accounts specifically for Muslim traders.。The Islamic account type is similar to the regular account type with one key difference; it does not charge any special fees or interest (no overnight interest), which is in line with the financial principles of Islamic law。

Traders can choose AvaTrade as an ideal option if they are confident in forex trading。The minimum deposit and the various platforms offered are suitable for beginners trying Forex trading for the first time。

Are these traders safe?？

Despite the many benefits of a MAM account, some traders are still hesitant to trust it。But MAM is highly transparent, and some may even consider it a safe form of investment.。The escrow account is completely secure and will not be manipulated by any form of broker。However, if you decide to follow the trader, there is some risk when it comes to the trader's profitability。The risk of sending losses still exists and is not immune to market fluctuations, so it is equally important to control trading sentiment, which will allow you to decide how much money you should put into each account。

Overall, there is nothing wrong with having multiple trading accounts。If you're interested in trying a MAM account, one of the three brokers above might be a good place to start。